Richard Russell – Gold Basing & A Key World Market In Trouble

On the heels of continued volatility in key global markets, the Godfather of newsletter writers, Richard Russell, covered everything from stocks and bonds, to the gold market. Russell also included 7 fantastic charts — one of those was a key 14-year chart that showed a major breakdown in one of the most important markets in the world.

Richard Russell: My key indicator is seen below. Here we see the Dow holding persistently and bullishly above its 200-day moving average. How long will this constructive situation last? Ah, if we only knew (I think it will be quite a while).